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Federal Reserve Board Governor Lisa Cook participates in a board meeting at the Federal Reserve on March 19, 2026 in Washington, DC.Kevin Dietsch | Getty ImagesPresident Donald Trump is “considering” firing Federal Reserve Board Governor Lisa Cook, the White House said this week, reviving an effort that had been stymied by the Supreme Court in June.White House presidential aide Dan Scavino, in a letter to Cook dated Wednesday, said there is “sufficient reason to believe that you made false statements on one or more mortgage agreements.”Those are the same allegations Trump and his allies floated when he first moved to…

It won’t come as a surprise that Trump’s Department of Government Efficiency (DOGE) didn’t save taxpayers nearly as much as it claimed. Analysis from outside the government showed savings claims were heavily inflated, and now the government’s own watchdog has said it wasn’t able to confirm savings claims made in DOGE’s so-called “Wall of Receipts.” For example, DOGE reported savings of $49.2 billion from cutting grants, but almost none of it could be verified, the US Government Accountability Office (GAO) said in its report yesterday. The GAO is the auditing and investigating arm of Congress and issued the DOGE report…

Andy Burnham has pledged to be the prime minister for the North. But volunteers cleaning up a major plastic spill on the north-east of England coast say his government’s treatment of the “disaster”, which they say lacks urgency, does not support that claim.”This should be declared a national emergency,” says campaigner Olly Armstrong who believes, if the spill had happened further south, it would have been treated differently.Armstrong, from North Shields in North Tyneside, is one of thousands of volunteers who have spent weeks clearing beaches of millions of plastic pellets that washed into the River Tyne and the North…

It was a clearing event after all. It’s been just over a week since the forced unwind of the high-flying Situational Awareness hedge fund, and the artificial intelligence trade is now standing on solid ground after a turbulent July battered the market’s old leaders. The best part is that the hedge fund’s reckoning last Thursday isn’t the only reason for the sustained reversal of fortunes. The biggest winners of late in our portfolio tell the story of a sturdier AI trade: Microsoft , Corning , Eaton , Intel and Amazon . This covers the performance since the July 29 close…

Ukraine’s President Volodymyr Zelenskyy meets with U.S. Senator Lindsey Graham (R-SC), amid Russia’s attack on Ukraine, in Kyiv, Ukraine May 30, 2025. Ukrainian Presidential Press Ser | Via ReutersRead more CNBC politics and policy coverageThe bill would impose tariffs of up to 100% on countries that are within the top five purchasers of Russian crude oil or gas, which includes China and India. Oil revenue is key to funding Russia’s military action.It also includes sanctions on Russian leaders and officials, targeting Russian President Vladimir Putin, oligarchs and financial institutions. At the request of President Donald Trump, the bill extends sanctions…

One-ounce gold bars at the Valcambi SA precious metals refinery in Balerna, Switzerland, on Friday, Sept. 9, 2025. Valcambi SA, Switzerland’s largest refiner, processes up to 2,000 tons of precious metals a year at its site in Balerna on the border with Italy. Photographer: Francesca Volpi/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesThey are called gold bugs for a reason, because they sure are hard to get rid of.Despite a 25% decline in gold from its high in January, proponents of the precious metal are storming into bullish call positions after almost two months of sideways action gives way…

This is the premise of the new campaign, as written on the blog post announcing the update: As the battle-hardened Ranger, players survive a labyrinthine dimension where time folds back onto itself, creating a unique looping structure where each visit in the present reshapes the future. Collect runes to unlock previously sealed paths brimming with new routes, encounters and secrets, plus persistent health and ammunition upgrades throughout add a new layer of progression to Quake’s classic gameplay. The new maps have been added to the campaign list in the remastered version of Quake, and like that remaster, they’re available free…

Badenoch wrote: “Mr Farage wants the people of Clacton to settle his problems for him.”He wants to point to you and say, ‘even after the £5m scandal, Clacton still chose me’.”The people of Clacton are entitled to ask why someone would donate Nigel Farage that kind of money”.Farage previously said the money was for his security, given to him “with the knowledge that the state in this country has never, ever wanted to help” with his personal protection.Badenoch, who is the North West Essex MP, continued: “When the proper process has run its course and there is a genuine contest,…

Budrul Chukrut | SOPA Images | Lightrocket | Getty ImagesThe latest quarterly earnings reports from FanDuel parent Flutter Entertainment, DraftKings and others shone a spotlight on the burgeoning prediction markets industry.A growing number of companies are introducing their own prediction market platforms or launching partnerships within the space, said Joel Shulman, the CEO of investment firm Entrepreneur Shares. As competition continues to grow, the latest earnings reports offer a glimpse at how much companies are willing to bet on its prediction platforms. DraftKings’ platform grows ‘faster than expected’ DraftKings’ CEO Jason Robins said the company’s prediction market platform is growing…

Airbnb shares surged 15% Friday after the company delivered one of its strongest growth quarters in years and raised its full-year outlook — a turnaround CEO Brian Chesky is directly crediting to artificial intelligence.In an exclusive interview with CNBC after the earnings report, Chesky said Airbnb will spend “a lot more” on AI tokens this year than it originally forecast because the cost of inference “pales in comparison” to the revenue and productivity the company is getting back. Airbnb is cutting product-development time by roughly 60%, shipping about 80% more features year over year and keeping headcount roughly flat even…